38,051 Foreigners Applied For Nigeria Citizenship In 2 Years – FG
THE Federal Government on Wednesday disclosed that it received a total of 38,051 Citizenship applications from…
Rising Exchange Rate Poses More Difficulty For Importers, Says Expert
Continuous rising of foreign exchange may pose more difficulty for importers in the coming year, the National…
Dollar Nears 2 1/2-Year Lows As Vaccine Optimism Grows
The U.S. dollar fell towards a two-and-a-half-year low on Wednesday as progress in combating the COVID-19 pandemic…
U.S Enforces 6 Month Passport Validity Rule For Christmas Travels
The United States Embassy in Nigeria has advised both U.S citizens and dual nationals to ensure that their…
Airline Operators Explain Hike In Airfares
The almost 70 per cent rise in domestic airfares have attributed it to the weakening exchange rate, paucity of…
Sterling Hits Intraweek High As Johnson Heads To Last-Ditch Brexit Meeting In…
Sterling rose against a broadly weaker dollar on Wednesday after three days of losses as British Prime Minister…
OPEC: Nigeria’s Crude Oil Export Earnings Rebounded By 116% In November 2020
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil export earnings recorded a…
Nigeria’s Foreign Trade With US Slumps As Exports Drop
Nigeria’s foreign trade with the United States has averaged N2 trillion in the last 3 years but is on track to fall…
Nigeria To Spearhead Africa Refinery Capacity Additions
Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the…
‘Polaris Bank Paying Dollars To Money Transfer’s Beneficiaries’
POLARIS Bank has started the payment of dollars to beneficiaries of money transfer across all its branches.
The…
Fed Govt Scores Port Operator Low On Automation
The Nigerian Shippers Council (NSC) on Tuesday scored the Port & Cargo Handling Services (P&CHS) Limited…
New N162 Petrol Pump Price Triggers Confusion, Queries
At a time Nigerians are yet to come to terms with the last increase in pump price of Premium Motor Spirit (PMS),…
Hope Rises For Cocoa Farmers As NEXIM Pledges Support For Value Chain Development
The Nigerian Export-Import Bank (NEXIM) has pledged to assist players in the African cocoa value chain so as to…
China Set To Bail Out Iraq With Multibillion-Dollar Oil Deal
Iraq is poised to sign a multibillion-dollar contract with China ZhenHua Oil Co., a bailout from Beijing for the…
Nigerian Arrested At Jomo Kenyatta Airport Carrying Sh100m In Bag
The Assets Recovery Agency (ARA) is seeking court orders to freeze over Sh100 million seized from a Nigerian at the…
Naira Devaluation Risky For Foreign Currency Loans, Says Report
The devaluation of the naira against global currencies will impact negatively on foreign currency loans and weaken…
Dollar Slips As Vaccine Optimism Saps Haven Demand; Sterling On Edge
nd the risk positivity to continue into next year,” said Craig Chan, head of global FX strategy at Nomura, on an…
Citi Selected As Financial Advisor to Gavi, The Vaccine Alliance’s COVAX Facility
New York – Citi today announced the firm has been selected by Gavi, the Vaccine Alliance, to be the financial…
Ships Risk Detention Over Cybersecurity
Ships that fail to comply with cybersecurity code of the International Maritime Organisation (IMO) may face…
Unemployment In Nigeria – What Can Be Done?
Perhaps the most deep-rooted millennial problem facing Nigeria is the issue of unemployment.
The expectation of…
An MBA In Corruption’: How Top Oil Trader Paid Bribes For Years
For years, the world’s largest oil trading firm has maintained that it has “zero tolerance” for corruption. Now…
Nigerian Crude Oil Export Earnings Rebound By 116% In November – OPEC
OPEC Sec Gen says Nigerian government should be commended for its proactive measures that facilitated the…
Nigeria Plans To Reopen Land Borders As Soon As Possible, Says Buhari
The Nigerian government plans to reopen its land borders, President Muhammadu Buhari has said.
He explained…
Senate Considers Bill To Blacklist Loan Defaulters
The Senate on Tuesday, passed for second reading, a bill to allow banks recover loans from defaulters, place them…
Trade Deficit Expands To A New 4-Year High In Q3 2020
In line with our expectations, trade flows remained downbeat as 9M'20 trade flows plummeted by 10.9% to N23.2…
Oil Contributes 81% To N2.99tn Q3 Exports
Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99 trillion…
China Makes Digital Yuan Transfers As Easy As Using A Phone
BEIJING -- China will expand trials of its digital yuan Friday evening with a feature letting individuals send…
Port Congestion Drops By 20% – Shippers Council
Lagos — The congestion at various terminals at the Apapa and Tin-Can Island Ports has dropped to 20 per cent from…
Buhari Threatens To ‘Deal Decisively With Violent Protesters’
He said this as protests resurfaced in Oshogbo, Osun State Monday.
President Muhammadu Buhari Monday in Abuja…
Pound On The Defensive As Brexit Deal Talks Go Down To The Wire
Britain’s pound was the biggest mover in otherwise quiet trade among the G10 group of currencies on Tuesday,…